KARACHI - The State Bank of Pakistan has rejected all bids for Pakistan Investment Bonds (PIBs) of 3, 5 and 10 years tenor, while no bid was received for 20 years tenor bond.

According to SBP here Wednesday, no bid was received from primary dealers (banks) for PIBs of 20 years maturity. The coupon rates for 3 years were 11.25, 5 years 11.50 and 10 years 12.00 per annum.

The face value of the offered amount was Rs 12.950 billion while the realised amount was Rs 13.040 billion.